Numerous receivers have signed long-term extensions in the past few months including Bears WR Brandon Marshall and Falcons WR Roddy White.

Nelson, 29, signed a four-year contract worth $13.9 million that included just $5 million guaranteed with the Packers back in 2011, which has proved be one of the most team-friendly contracts signed in recent years.

Nelson has said previously that he doesn’t believe he left money on the table when he agreed to his last contract.

“When I signed it, I don’t think I did,” Nelson said a few months ago. “I think everyone, when I signed, thought it was a good deal. No one would have known I’d have 1,200 yards and 15 touchdowns [in 2011]. Obviously, hindsight is 20/20 but, again, I’m not worried about that at all. I’ve been comfortable with my decision.”

Green Bay will also need to decide what to do with Randall Cobb given that he is also entering the final year of his current contract. As things stand right now, the Packers have $13,515,388 in available cap space to work with.

Nelson’s three-year average stats include 67 receptions for 1,107 yards receiving and 10 touchdowns, and that’s despite being missing four games due to injury, and playing a seven-game stretch with guys like Seneca Wallace, Scott Tolzien and Matt Flynn throwing him the ball.

The Packers haven’t shied away from paying core players, so it wouldn’t be surprised to see Nelson do very well in his next contract.